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* See the Top 10 best-selling models and Top 20 brands by clicking on the title *

The Panama new car market is up 7% year-on-year in 2015 to a record 64.737 registrations, and if Toyota holds onto the brands pole position despite sales down 4% to 21.1% share, holding off Hyundai at 18% (+9%) and Kia at 16.3% (+10%), the Japanese manufacturer loses the models top spot. After two years of Toyota Hilux domination, the Kia Rio shoots up 44% on 2014 to land in first place this year with 4.284 sales. Renault (+45%), Suzuki (+67%) and Mazda (+135%) are the most impressive carmakers, while in the models aisle, the Toyota Yaris and Hyundai Accent GL hold their ground in third and fourth places respectively, both gaining 14%.

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The Toyota Hilux remains the best-selling vehicle in Panama so far in 2015.

* See the Top 10 best-selling brands and models by clicking on the title *

New car sales in Panama are up a healthy 9% over the First Half of 2015 to 36.263 registrations, and on track to break the 60.000 annual unit-barrier for the 2nd consecutive year. Toyota is once again the most popular carmaker in the country, however its advantage over #2 Hyundai has thinned from almost 7 percentage points a year ago (24.2% share vs. 17.5%) to just 2.4 points so far in 2015. Toyota now holds just 20.4% of the Panamanian market due to sales down 8% while Hyundai is at 18% thanks to deliveries up 13% year-on-year. Kia and Nissan follow, both improving by 15% with Suzuki, up a spectacular 43%, overtakes Honda to round up the Top 5. Isuzu (+21%) and Mitsubishi (+17%) also shine in the Top 10. Model-wise, the Toyota Hilux remains the most popular nameplate in the country, followed by the Kia Rio and Picanto while the Hyundai Elantra re-appears inside the Top 10 at #8.

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The Toyota Yaris hatch on sale in Panama is the Thai/Chinese spec, not US.

* See the Top 10 best-selling models and brands by clicking on the title *

New car sales in Panama are up by a dynamic 7% year-on-year in 2014 to 60.304 registrations. If in 2013 Toyota just edged past Hyundai (only 105 additional sales), this year the Japanese manufacturer’s advance atop the sales charts extends to a very comfortable 5 share points thanks to deliveries up 19% to 14.223 vs. sales down 10% at Hyundai to 10.640. Kia and Nissan keep their rankings while Honda overtakes Suzuki for 5th place. The Toyota Hilux posts a second consecutive year in the models pole position (+10%), now followed by the Toyota Yaris (+54%) and Hyundai Accent (-9%). The Kia Rio and Picanto deliver significant gains and the Hyundai i10 and Kia Sportage leap back inside the annual Top 10.

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* See the Top 10 best-selling models by clicking on the title! Thanks Sandro *

For the first time in 18 months and thanks to Sandro I can share with you official data for Panama over the Full Year 2013. Better late than never as they say! The Panama new car market is up a very healthy 11% year-on-year in 2013 to 56,147 registrations. There is a new leader in both the brands and models rankings: Toyota is now the most popular carmaker in the country thanks to sales up 15% on 2012 to 11,936 and 21.3% share, overtaking Hyundai up just 7% to 11,831 units and 21.1% while Kia is up a massive 26% to round up the podium at 7,805 sales and 13.9%. Model-wise, the Toyota Hilux reigns supreme with 3,546 sales and 6.3% share ahead of the Hyundai Accent at 5.9% and the Toyota RAV4 at 4.8%.

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* See the Top 10 best-selling models by clicking on the title! Many thanks to NismoBoy *

Over the first 8 months of 2012 and as it was already the case over the Full Year 2011, the most popular model in Panama is the Hyundai Accent with 2,168 sales, ahead of the Toyota Hilux at 1,658 units. #4 in 2011, the Hyundai Elantra jumps onto the Panama podium over the period thanks to 1,576 sales, kicking the Hyundai Tucson ix down to 4th place at 1,387 units. This means 3 of the Top 4 models in Panama are Hyundais like in 2011.

Hyundai Elantra

In fact the Koreans are slowly but surely taking control of the Panama new car market, with 6 representants in the Top 10 over the period. The Kia Rio is up to #5 with 1,159 sales, followed by the Honda CR-V, Toyota RAV4, Kia Picanto and Kia Sportage.

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* See the Top 10 best-selling models by clicking on ‘Read more’ at end of post! *

The Toyota Hilux reclaims its top spot in Panama with 307 sales in August and 1,981 over the first 8 months of the year. The new generation Hyundai Elantra is up to #2 at 256 units and up to #4 year-to-date with 1,098 sales. #1 in July, the Hyundai Accent is down to #7 in August but stays #2 year-to-date at 1,733 units.

The Hyundai Tucson IX is solid in 3rd position in August (204 sales) and year-to-date (1,632). That’s 3 Hyundais in the 8 months 2011 Top 4 in Panama! The Toyota RAV4 is #5 year-to-date, followed by the Nissan Frontier, Kia Rio and Nissan Tiida, strong in August at #5.

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I only get to share the Panama models ranking a few times a year and this is one of them! Traditionally dominated by the Toyota Hilux, car sales in Panama have shifted towards the new generation Hyundai Accent, delivering 1,083 units over the last four months (L4M), compared to 981 for the Hilux which stays #1 year-to-date with 1,674 sales vs. 1,641 for the Accent.

The Hyundai Tucson IX (aka ix35) stays solid in 3rd place at 862 units in L4M, followed by the new generation Hyundai Elantra (538 sales), the Kia Rio (483) and the Toyota RAV4 (481). The Kia Picanto takes the 7th position at 385 sales.

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After a very strong showing by the Hyundai Tucson IX late last year, the Toyota Hilux reclaims the title of best selling vehicle in Panama over the first 3 months of 2011 with 693 sales, 127 units above the Tucson.

The Hyundai Accent GL is stable in 3rd place, the Nissan Navara is up 4 spots at #4 with 386 sales, same as the Toyota RAV4, #5 with 383 sales. The Hyundai Elantra reappears in the Top 10 at #7.